Finance

Odisha Poised to Become Major Textile Hub, Says PM

Published on 
Author: TANVI MUNJAL

Prime Minister Narendra Modi recently addressed investors at the Utkarsh Odisha-Make in Odisha Conclave 2025, emphasizing the state's potential to become a key player in India's economic future, particularly within the textile sector. Modi highlighted Odisha’s rich history of textile production and trade, suggesting that its established manufacturing legacy positions it for renewed growth within the industry. He noted the state's strategic location and resources as advantages for textile businesses looking to establish or expand operations. The Prime Minister’s address underscored the government’s commitment to supporting investment in Odisha’s textile industry, alongside other key sectors. He expressed confidence that Odisha will achieve significant economic growth, driven by its burgeoning industrial capacity, and specifically mentioned textiles as a sector poised for expansion. Modi encouraged investors to support local MSMEs, startups, and innovation within the state's textile ecosystem, assuring them of government backing for these ventures.

Subscribe to our Weekly E-Newsletter

Stay updated with the latest news, articles, and market reports, appointments, many more.

By subscribing you agree to our Terms and Privacy Policy.